Milton Friedman was an American economist, statistician, and writer who taught at the University of Chicago for more than three decades. He was a recipient of the 1976 Nobel Prize in Economic Sciences, and is known for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy. As a leader of the Chicago school of economics, he profoundly influenced the research agenda of the economics profession. A survey of economists ranked Friedman as the second most popular economist of the twentieth century after John Maynard Keynes, and The Economist described him as "the most influential economist of the second half of the 20th century ... possibly of all of it." Friedman's challenges to what he later called "naive Keynesian" theory began with his 1950s reinterpretation of the consumption function, and he became the main advocate opposing Keynesian government policies. In the late 1960s, he described his own approach as using "Keynesian language and apparatus" yet rejecting its "initial" conclusions. During the 1960s, he promoted an alternative macroeconomic policy known as "monetarism". 

July 31st, 1912 in Brooklyn  /  Died:   Nov 16th, 2006